Redefining Urban Commute: Insights into the Micromobility Market
The micromobility market was valued at $3,060 million in 2021, and it is set to reach $10,351 million by 2030, growing at a CAGR of 14.5% between 2021 and 2030, according to a research report by a market research company P&S Intelligence.
This can be credited to the constant enhancements in smart cities and the automotive infrastructure globally, increasing number of micromobility vehicles with several benefits, including compact size, ease to use, low weight, and increasing need for ride sharing in tier 1 cities.
In 2021, the bike-sharing category held the largest revenue share of approximately 68.4%, and will continue its dominance in the years to come. This can be attributed to the extensive use of such services in the APAC region as these services are cost-effective and environment-friendly mobility options, enormously helpful in battling the problem of pollution.
The less travelling cost involved with sharing a bike is the major contributor to the growth of the industry. Usually, the revenue structure of these businesses comes with an initial fixed charge for unlocking the vehicle is $0.20 for half hour of travel on average, which is way cheaper than a four-wheeler vehicle sharing option, like car rental and taxi, rides haring.
Furthermore, several businesses are providing subscription-based bike-sharing services on a monthly, weekly, and daily basis, as well as annual membership to its customers.This makes travel more cost-efficient for regular customers.
The kick scooter sharing category is projected to grow fastest in the years to come. This growth can be credited to the role of kick scooters in resolving first- and last-mile travelling issues worldwide and the huge investment by venture capitalists, major investors, and also from automotive stalwart, in this industry.
[edit] Related articles on Designing Buildings
- Are electric bikes the future?
- Cycle path
- Cycle route.
- Cycling and walking plan.
- Dedicated and safe cycle lanes.
- Gearing up for active travel.
- Micromobility.
- Pop-up cycle lanes.
- Sustaining walking and cycling measures after COVID-19.
- Three key ingredients for designing inclusive walking and cycling infrastructure.
[edit] External links
https://www.psmarketresearch.com/market-analysis/micromobility-market
Featured articles and news
Restoring Abbotsford's hothouse
Bringing the writer Walter Scott's garden to life.
Retired firefighter cycles world to raise Grenfell funds
Leaving on 14 June 2025 Stephen will raise money for youth and schools through the Grenfell Foundation.
Key points for construction at a glance with industry reactions.
Functionality, visibility and sustainability
The simpler approach to specification.
Architects, architecture, buildings, and inspiration in film
The close ties between makers and the movies, with our long list of suggested viewing.
SELECT three-point plan for action issued to MSPs
Call for Scottish regulation, green skills and recognition of electrotechnical industry as part of a manifesto for Scottish Parliamentary elections.
UCEM becomes the University of the Built Environment
Major milestone in its 106-year history, follows recent merger with London School of Architecture (LSE).
Professional practical experience for Architects in training
The long process to transform the nature of education and professional practical experience in the Architecture profession following recent reports.
A people-first approach to retrofit
Moving away from the destructive paradigm of fabric-first.
International Electrician Day, 10 June 2025
Celebrating the role of electrical engineers from André-Marie Amperè, today and for the future.
New guide for clients launched at Houses of Parliament
'There has never been a more important time for clients to step up and ...ask the right questions'
The impact of recycled slate tiles
Innovation across the decades.
EPC changes for existing buildings
Changes and their context as the new RdSAP methodology comes into use from 15 June.
Skills England publishes Sector skills needs assessments
Priority areas relating to the built environment highlighted and described in brief.
BSRIA HVAC Market Watch - May 2025 Edition
Heat Pump Market Outlook: Policy, Performance & Refrigerant Trends for 2025–2028.
Committing to EDI in construction with CIOB
Built Environment professional bodies deepen commitment to EDI with two new signatories: CIAT and CICES.
Government Grenfell progress report at a glance
Line by line recomendation overview, with links to more details.
An engaging and lively review of his professional life.
Sustainable heating for listed buildings
A problem that needs to be approached intelligently.
50th Golden anniversary ECA Edmundson apprentice award
Deadline for entries has been extended to Friday 27 June, so don't miss out!
CIAT at the London Festival of Architecture
Designing for Everyone: Breaking Barriers in Inclusive Architecture.